Monday, 28 July 2014
Last updated 5 hours ago
May 8 2008 | 9:58am ET
Hedge funds almost halved their year-to-date losses in April, Hedge Fund Research reports.
The firm’s HFRI Fund Weighted Composite Index rose 1.64% last month, leaving it down 1.78% on the year. Funds of hedge funds did rather less well, adding 0.86%, leaving them down 3.3% in 2008.
All but four of HFR’s 23 strategy, regional and subindices were in positive ground last month. Emerging markets did best, returning 3.54% in April, though it remains down 3.85% year-to-date. Equity hedge funds also had a strong April, rising 3.08%. Those funds are down an average of 2.97%.
Relative value funds added 1.24% last month (down 2.06% YTD), while event-driven funds rose 1.1% (down 2.32% YTD). Of the major strategy indices, only macro funds posted a losing April, dropping 0.55%, though it is the only major strategy index in positive ground in 2008 at 3.53%.
The Asia ex-Japan and Latin America indices were the strongest subindinces in April, rising 5.49% (down 6.92% YTD) and 5.08% (up 3.08% YTD). LatAm funds are the only emerging markets funds in positive ground this year.
Other strong performances were turned in by technology/healthcare funds (4.06% in April, down 2.8% YTD) and relative value yield alternatives funds (3.03%, down 1.2% YTD).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…